PORTLAND, OR—A 21-story, 284-unit, class A apartment building inPortland's Central Eastside district has received $71.75 million infinancing for its development. HFF worked on behalf of theborrower, a partnership led by locally based Guardian RealEstate Services and Key DevelopmentCorp., to arrange construction financing for theproject.
Financing for the project was structured through a seniorconstruction loan and mezzanine financing. Block 67 is locatedat the intersection of NE 3rd Avenue and BurnsideStreet, just steps away from the Burnside Bridge.
Due for completion in early 2016, the property will feature 16levels of residential apartments above approximately 24,700 squarefeet of retail/commercial space and parking on the first fivefloors. Community amenities will include a 9,300-square-footeco-roof and podium level that is planned to feature fire pits,barbecue area, pet exercise area, fitness center andspa. Apartment finishes will be high-quality with many unitsoffering unrivaled views of the Portland skyline.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
